Fijian Holdings Limited (FHL) recently celebrated its 40th anniversary with a special event held at the RB Convention Centre in Lami. This significant milestone brought together shareholders and honored the contributions of the company’s founders, who established FHL to enhance the participation of iTaukei in the corporate realm.
The festivities followed the Group’s Annual General Meeting for 2024, where Group CEO Jaoji Koroi used the occasion to reflect on the journey of FHL over the past four decades. He specifically highlighted the roles of key figures such as the Great Council of Chiefs, the late Ratu Sir Kamisese Mara, and the late former managing director Laisenia Qarase, recognizing their contributions during the company’s inception.
Mr. Koroi also shared some impressive achievements of FHL for the 2024 financial year, revealing that total assets have surpassed $700 million, net assets are valued at $323 million, and profits reached a record $70 million. Moreover, FHL has distributed over $130 million in dividends to its shareholders since its establishment, benefiting those who invested early on.
While acknowledging these achievements, Mr. Koroi emphasized the need for FHL to extend its focus beyond current shareholders to empower iTaukei resource owners through new strategies. This indicates a forward-thinking approach that aims to foster economic growth and inclusivity within the community.
This anniversary not only marks a celebration of FHL’s history but also sets the stage for future initiatives that aim to further empower local communities and increase inclusivity within the corporate sector. The commitment to looking beyond traditional shareholder priorities signals a positive trajectory that can lead to meaningful advancements for all stakeholders involved.
In summary, FHL’s 40th anniversary is a testament to its growth and achievements, while also opening the door to opportunities for broader community engagement and empowerment in Fiji’s corporate landscape.
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